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Shopping Strip

527 Barren Springs Drive

527 Barren Springs Dr, Houston, TX 77090

Listing Price: $964,370

Cap Rate
7.54%
Gross SF
6,624
Rentable SF
6,624
Price/Gross SF
$145.59
Lot Size
0.40 acres
Year Built
1984

Investment Overview

The offering consists of a 6,532 square foot strip center in Spring, Texas. It is situated on 0.4 acres of land and fronts on Barren Springs Drive. The tenant base includes a mix of retail and an auto repair shop. The building is fully occupied and all tenants have lengthy terms left paying below market rents. There are also multiple points of entry with abundant parking spaces. The asset is located in a highly dense region of North Houston. It is located right off I-45 and surrounded by numerous apartment buildings, townhomes, and directly next to a suburban neighborhood. Lupe Tortilla, Ojos Sports Cantina, Whataburger, Toasted Yolk Cafe, Saltgrass Steak House, and Commons at Commerce Park North Shopping Mall are among some of the national retailers nearby. The North Submarket is a densely populated and very diverse community in Houston, Texas. Retail here benefits from the high household density and boasts plenty of multicultural restaurants and grocery stores that cater to the local diverse population. Within a one, three, and five mile radius, the population totals over 12,801, 115,114, and 289,407. Average household incomes are $49,099, $60,326, and $70,747 within a one, three, and five mile radius respectively.

Investment Highlights

  • 100% Occupied
  • Opportunity For Rent Bumps
  • Population is 115,114 Within Three Miles
  • Fronts on Barren Springs Drive
  • Surrounded By Various Apartment Buildings and Townhomes
  • Multiple Points of Entry

Exclusively Listed By

Financing By

Shopping Strip

527 Barren Springs Drive

Listing Price: $964,370

Cap Rate
7.54%
Gross SF
6,624
Rentable SF
6,624
Price/Gross SF
$145.59
Lot Size
0.40 acres
Year Built
1984

Investment Highlights

  • 100% Occupied
  • Opportunity For Rent Bumps
  • Population is 115,114 Within Three Miles
  • Fronts on Barren Springs Drive
  • Surrounded By Various Apartment Buildings and Townhomes
  • Multiple Points of Entry

Investment Overview

The offering consists of a 6,532 square foot strip center in Spring, Texas. It is situated on 0.4 acres of land and fronts on Barren Springs Drive. The tenant base includes a mix of retail and an auto repair shop. The building is fully occupied and all tenants have lengthy terms left paying below market rents. There are also multiple points of entry with abundant parking spaces. The asset is located in a highly dense region of North Houston. It is located right off I-45 and surrounded by numerous apartment buildings, townhomes, and directly next to a suburban neighborhood. Lupe Tortilla, Ojos Sports Cantina, Whataburger, Toasted Yolk Cafe, Saltgrass Steak House, and Commons at Commerce Park North Shopping Mall are among some of the national retailers nearby. The North Submarket is a densely populated and very diverse community in Houston, Texas. Retail here benefits from the high household density and boasts plenty of multicultural restaurants and grocery stores that cater to the local diverse population. Within a one, three, and five mile radius, the population totals over 12,801, 115,114, and 289,407. Average household incomes are $49,099, $60,326, and $70,747 within a one, three, and five mile radius respectively.

Exclusively Listed By

Financing By

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